16 Apr

NRG, CMS, D, and EIX: Analysts’ Target Prices and Views

WRITTEN BY Vineet Kulkarni

Target prices

Many utility stocks (XLU) are offering dull upside potential due to their recent strength. However, NRG Energy (NRG) offers a potential upside of more than 11% compared to its current market price of $42.3. Analysts have given NRG Energy a median target price of $46.9. The stock has gained more than 40% over the past 12 months. Analysts seem to be positive on NRG Energy stock. Among the 11 analysts tracking NRG Energy, eight recommended a “buy,” while three recommended a “hold.” None of the analysts recommended a “sell” as of April 15.

NRG, CMS, D, and EIX: Analysts’ Target Prices and Views

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Recently, Edison International (EIX) stock has shown a massive uptrend. J.P. Morgan increased Edison International’s target price from $65.0 to $69.0 on April 15. SunTrust Robinson Humphrey also raised its target price from $72.0 to $77.0.

Bank of America Merrill Lynch raised CMS Energy’s (CMS) rating from “neutral” to “buy” on April 11. Analysts have given CMS Energy a median target price of $55.9 for the next 12 months. Analysts appear to be cautious on CMS Energy. Among the 16 analysts covering CMS Energy, ten recommend the stock as a “hold.”

The third-biggest utility by market cap, Dominion Energy (D) offers a dull upside potential of ~2% for the next 12 months. Credit Suisse reinstated Dominion Energy’s rating as “neutral” with a target price of $78.0 on April 12.

Latest articles

Pinduoduo (PDD) stock fell more than 20% in early trading today. The Chinese e-commerce stock is trading at $32.50, 28% below its 52-week high.

On November 19, Microsoft declared that Teams, its workplace chat app, had over 20 million daily active users, more than a 50% surge from July.

Despite the turmoil in the cannabis industry, Organigram (OGI) stock has been soaring. OGI closed up 12.6% yesterday ahead of its Q4 earnings.

The partial trade deal between the US and China may just have hit a new snag. Yesterday, the US Senate passed a Hong Kong Human Rights bill.

Yesterday, Macy’s (M) stock fell 10.9% after department store peer Kohl’s (KSS) announced weak third-quarter results and shared a gloomy outlook.

Last week, T-Mobile stated that if its merger with Sprint goes through, it will create a new Customer Experience Center in Nassau County, New York.